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101 Wilson Cliff Drive White Settlement, TX 76108

3 Beds 2 Baths 2,046 sqft Built 2020

$282,500

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $138.07
  • 2 Days on Market
  • MLS # : 14471406
  • Updated Date : 11/21/2020 at 09:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,046 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

The Perfect Floorplan! You'll love the spacious living area complemented by the large granite kitchen island with custom posts. You'll have endless cabinet space with our custom-built knotty alder cabinets with 42 inch uppers. Serve dinner in your oversized kitchen nook or enjoy your covered back patio. A large formal study with a closet at the front of the home is the perfect flex space. With a gracious master suite and two great secondary bedrooms, this home has everything you've been wanting. Don't forget, every Cheldan Home comes standard with a stainless steel appliance package and sprinkler system!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Zip Code: 76108

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Liberty Elementary School Primary Regular 493 33 8
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Liberty Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 33
8
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$254,250$310,750$282,500

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,042
Property Tax -$677
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$4

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$282,500

PROJECTED PRICE

$1,960

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,863

INVESTMENT

$76,863

Down Payment
$70,625
Rehab Estimate
$2,000
Closing Costs
$4,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,625
Loan Amount $211,875
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,332

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,960

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7904$1,9605$2,050
$2,050
RENT COMPS ANALYSIS
  • 101 Wilson Cliff Drive White Settlement, TX 4
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.96
    •  
  • 8413 Downe Drive White Settlement, TX 1
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2017
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 8427 Whitney White Settlement, TX 2
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 8425 Whitney Drive White Settlement, TX 3
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.00
    •  
  • 145 Wilson Cliff Drive White Settlement, TX 5
    • 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2019
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
PROPERTY LISTING DETAILS
Matthew Brown
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471406
Last Updated: 11/21/2020
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